The FIO Protocol (FIO) Price Prediction 2022 - 2030 - Should You Buy It Now?

There are so many blockchains and wallets in the world of cryptocurrencies that no wonder some people came up with the idea to create intermediary platforms. If we dream of cryptocurrencies going mainstream we need different protocols to be able to communicate with each other swiftly. Today we will speak about the FIO protocol where FIO stands for Foundation for Interwallet Operability. We will see what is the main concept of the protocol and analyze the price movements of the FIO Protocol (FIO) and what's more important we will predict the future prices of FIO until 2030.

1. What Is FIO Protocol?
2. Past Performance
3. Price Prediction

What Is FIO Protocol?

FIO is a non-profit foundation registered in the Cayman Islands. According to the FIO website, The Foundation for Interwallet Operability is a consortium that consists of wallets, trading platforms, payment processors, and other companies dealing with blockchain and using FIO protocol. The main goal is facilitating a quick growth of blockchain adoption and the development of FIO protocol. However, the foundation is not going to manage the protocol in any form. The foundation relies on decentralization, a cross-platform approach, etc. 

The foundation members are supposed to manage the foundation treasury, popularize the FIO protocol, help FIO members to integrate the protocol, develop the protocol, and so on. In the future, FIO will be operating as a Decentralized Autonomous Consortia (DAC) managed by the community via the blockchain-based ecosystem.

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FIO protocol will allow users to exchange coins through a simple universal interface. It integrates to any wallet and provides connectivity to products based on any blockchain. The protocol has an inbuilt environment for eCommerce and refunds. Parties participating in transactions will have human-readable identifiers that can be easily remembered. The FIO Requests feature allows users to send each other encrypted requests for funds. The protocol is decentralized and community-driven. All the transactions executed via FIO protocol are possible only with the use of the FIO private key which is stored in the user's wallet. It creates an additional layer of security for all the participants of the transaction. To increase the level of security and privacy the sensitive info can be encrypted. It is important to understand that the FIO protocol is not the wallet itself but rather an instrument that connects wallets, exchanges, and other platforms and tools together. More features (fees splitting, multi-sig, etc) are coming later.

Past Performance

As of February 2, 2022, the price is starting to recover after the continuous downfall that started in December of 2021. Potential investors should note that FIO token is supported on many huge exchanges. It is a good sign. See the main stats in the table below.

The coin hit the market in July 2020. Since then it has had two strong surges. On July 31, 2020, it had the price of $0.425 and the second surge was in April 2021. We've already mentioned it above. At that time the price had its historic maximum. The price had a series of smaller rallies and declines but in general, its price continues to grow. Now let's analyze the past market performance of the FIO token in detail.

The token first appeared on the market on July 19, 2020. The price that day was fluctuating between 8 and 14 cents (in USD) per 1 FIO. The emergence of FIO on the market has coincided with the times when the entire crypto market was recovering from the mid-March 2020 downfall. The latter was an outcome of the market panic triggered by the news about COVID-19 and the instability of the oil market. By July, the crypto market was rising (while the traditional market was in decline). It was a good moment for something like FIO to hit the market. Considering the fact that the functionality of this protocol doesn't have anything to do outside the blockchain industry it couldn't seriously suffer from quarantine and stuff like this. More than that, the crypto uptrend was good for a new token to gain some value in the first few days. And that's exactly what happened.

The following days the price was very volatile. It was reaching 20 cents at the peak every day but closing at let's say 15 or 17. On July 31, the day after Binance announced that it added FIO to its list, it even gained $0.425 per coin (it was the all-time-high for FIO for the next several months) but soon dropped to $0.32. However, that set a kind of a new support level and for the next few weeks, the price wasn't falling below 25 cents. The first time it dipped below 20 cents was at the beginning of September. Both an unusually high price on July 31 and the September 4 drop were reflecting the Bitcoin price trends. In this sense, the FIO price was acting like many other altcoins fully dependent on the movements of the crypto market absolute champion's price.

However, September 2020 was the splitting point where the BTC price quickly recovered after a decline but the FIO price kept on going down. That's nothing special for a brand new altcoin on the market. It usually takes a while for a currency to gain some stability. Even if Bitcoin doesn't manage to do so then why should new altcoins? Especially ones that are not promoted aggressively. The price was declining gradually for the rest of September and October saw this trend continuing. On October 7, for the first time since July the FIO Protocol price dropped below 10 cents per coin. It was correlating with the BTC price decline that started soon after a short spike in September. The Bitcoin price couldn't help FIO so the price was staying low.

Despite the fact that in October Bitcoin started to climb up, FIO was low, reaching as little as 7 cents per token at times. Until the end of November, the price was fluctuating mainly in the 7 to 8 cents interval. The first winter months weren't a big difference. The price was coursing between $0.06 and $0.08 most of the time. In early February the BTC gravity has finally reached FIO again. Both coins started to grow. On February 4, FIO reached $0.1 again. By the end of the month, it was over 20 cents per coin. The price continued its growth in the spring hitting the ATH on April 6 at $0.56. Together with Bitcoin, FIO started to lose its value in April. In May, it was already below 20 cents. The price was quite volatile in the summer. By the end of July together with another Bitcoin rally, FIO reached a 20 cent price again. Ever since the price keeps on fluctuating between 15 and 23 cents per coin. After the ATH, there have been three spikes more in 2021: in June, September, and December. Beginning with December the price started to decline. As of February 2, 2022, the FIO price is around $0.095. However, the prospects are bright.

Price Prediction

As both the FIO ecosystem and the coin have room to grow and no serious obstacles ahead, we are sure that the coin will continue to grow in price. More than that, the success of the platform and crypto market, in general, can determine the price of FIO. We are at the point where cryptocurrencies quickly become a real thing. It will take more time to adopt them, to set regulations, to find a perfect niche for them, etc. There are already several projects aimed at setting a connection between different blockchains. It means that the FIO Protocol features are in demand.

As crypto positions are getting stronger these days and we are actually yet to see serious reasons for a significant decline any time soon, we believe that the market will continue to grow and FIO as a successful project will follow the grand trends. By the end of 2022, the FIO Protocol token can reach up to 15 cents. However, there is a 23% chance that the price will be around 11 cents per coin by that time. It strongly depends on the overall market.

By 2023, the project will establish itself and reach most of the planned milestones, or... it will get slower in its development. That's where 2 scenarios can appear. The optimistic scenario is FIO regaining its all-time high hitting around 25 cents by the end of the year (if the crypto market is bullish and the project keeps on developing). The pessimist scenario is that the coin will grow slowly. At worst it can get only to a 20 cents level. Note that it is still more than today.

In 2024 and 2025, these scenarios will continue to influence the FIO price. In two years the FIO Protocol might become a huge thing as cryptocurrencies will be everywhere by 2025. If everything goes right, we will see FIO exceeding $0.5 by the end of 2025. If the project drags behind its goals, it will still be struggling for its place under the sun but won't reach more than a 42 cents level in two years. Predicting the FIO price for 2030 is hard today, however, most experts believe the price will be somewhere around 2.5 and 3 dollars by that time.